-
ITFA represents the rights and interests of banks, financial institutions and service providers involved in trade risk and asset origination and distribution.Our Mission
Next steps for International Financial Trade post Covid-19
These are exciting and transformative times for the trade finance community. City & Financial Global is delighted to shed some light on the implications of current developments with the launch of The Trade Finance Innovation and Regulation Virtual Summit.
The ITFA Board is delighted to inform you that we have secured 5 passes, each with a 50% discount for ITFA members to attend this event. As is customary, the discounted passes will be available to ITFA members only on a first come first serve basis. In addition, any other registrations made by ITFA members will be at a 15% discount. In order to register for the discounted passes and benefit from the ITFA discounts please send an email to alexiavella@itfa.org. Please keep in mind that these offers are not available in conjunction with each other and are eligible for new registrations only. Moreover, each member institution is, at most, entitled to one pass at 50% discount.
After a couple of years of unprecedented upheaval and change – both in terms of regulatory and procedural reforms, structural upgrades and geo-political events – the sector as a whole can finally take stock and think about the future. Now is the time to properly focus on game-changing modernisation efforts, to plan ahead for increased competition and to prepare for further mandatory changes, driven by both regulatory developments and technological innovation.
The latter will drive the most exciting changes. FinTech and FinTech-related innovation are currently driving a technological revolution, both with regards to addressing global trade financing needs (within primary and secondary markets) through KYC registries, AML filtering and alternative financing, as well as with improving the user experience through big data, automation and APIs. Moving forwards, transaction data, trading platforms and machine learning are the key ingredients for effective innovation in trade finance whilst minimising disruptive change to the existing communications infrastructure.
The result is a primary shift in corporate clients’ expectations of all their trade services partners. The leading banks are on the verge of transforming trade finance from a paper-based system to a more efficient and transparent digitised model. With their counterparties, they are now looking to manage all transactions in an automated, end-to-end process across their entire business. In addition, as corporate clients look for new and innovative products and services, the parties that adopt the most efficient use of information and technology in order to automate traditionally manual trade finance processes are finding that they are able to build real, long-term competitive advantage.
With keynote addresses from, amongst others, the WTO, the Virtual Summit will focus on offering practical ways for banks and corporations to concentrate on harnessing the benefits of digitisation for a more effective and transparent use of technology and data and a more streamlined approach to traditional business models.
At the summit, one will benefit from hearing the insights of the exceptional speaker panel, which includes regulators and financial institutions. They will focus on the latest developments within the international TF regulatory framework, the digitisation of trade finance, WTO E-commerce negotiations, regulatory compliance, risk management practices, FinTech innovation and their practical and long-lasting impact of all of these on the trade finance community.
Through an unparalleled panel of speakers and panellists one will gain an in-depth understanding of:
As always, we do hope that our members make the most of the additional benefits that ITFA is bringing to them through such collaborations.
Privacy Policy | Cookie Policy
Designed and produced by dna.studio